Dearborn Partners LLC Has $1.19 Million Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Dearborn Partners LLC lessened its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 32.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,005 shares of the financial services provider's stock after selling 27,657 shares during the quarter. Dearborn Partners LLC owned 0.06% of Sixth Street Specialty Lending worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSLX. EntryPoint Capital LLC purchased a new position in shares of Sixth Street Specialty Lending in the 1st quarter valued at about $35,000. nVerses Capital LLC purchased a new stake in Sixth Street Specialty Lending in the second quarter valued at approximately $70,000. Ridgewood Investments LLC purchased a new position in shares of Sixth Street Specialty Lending in the 2nd quarter worth about $77,000. Future Financial Wealth Managment LLC acquired a new position in shares of Sixth Street Specialty Lending during the 3rd quarter valued at $86,000. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Sixth Street Specialty Lending during the 2nd quarter valued at about $109,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 0.3 %

Sixth Street Specialty Lending stock traded up $0.07 during mid-day trading on Friday, hitting $20.33. 197,113 shares of the company's stock were exchanged, compared to its average volume of 350,618. The stock has a 50 day moving average of $20.59 and a two-hundred day moving average of $21.04. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending, Inc. has a 1-year low of $19.50 and a 1-year high of $22.35. The stock has a market cap of $1.90 billion, a P/E ratio of 9.83 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting analysts' consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The company had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same period in the previous year, the business earned $0.60 earnings per share. As a group, analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.05 per share. This represents a yield of 9.1%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending's dividend payout ratio is currently 89.32%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price for the company in a research note on Wednesday, November 6th. Royal Bank of Canada restated an "outperform" rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday. Wells Fargo & Company decreased their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $22.00.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending, Inc NYSE: TSLX is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.